(a) In general
Under the program established in section 1862p–2 of this title and the activities authorized under this section, from amounts made available to the Directorate, the Director, in coordination with other Federal agencies as determined appropriate by the Director, shall make awards, on a competitive basis, to eligible entities to advance the development, adoption, and commercialization of technologies, consistent with the purposes of the Directorate under section 19102 of this title.
(b) Eligible entityTo be eligible to receive an award under this section, an entity shall be—
(1)
an institution of higher education, which may be a community college (or a consortium of such institutions);
(2)
a nonprofit organization that is either affiliated with an institution of higher education or designed to support technology development or entrepreneurship; or
(3) a consortium that includes—
(B) one or more additional individuals or entities, which shall be—
(i)
an economic development organization or similar entity that is focused primarily on improving science, technology, innovation, or entrepreneurship;
(c) Use of fundsIn addition to activities listed under section 19103 of this title, an eligible entity receiving an award under this section may use funds to—
(1)
identify academic research with the potential for technology transfer and commercialization, particularly as relevant to the purposes of the Directorate under section 19102 of this title;
(2)
ensure the availability of staff, including technology transfer professionals, entrepreneurs in residence, and other mentors as required to accomplish the purpose of this section;
(3)
help offset the costs of patenting and licensing research products, both domestically and internationally;
(4)
revise institution policies, including policies related to intellectual property and faculty entrepreneurship, and taking other necessary steps to implement relevant best practices for academic technology transfer;
(5)
develop local, regional, and national partnerships among institutions of higher education and between institutions of higher education and private sector entities and other relevant organizations, including investors, with the purpose of building networks, expertise, and other capacity to identify promising research that may have potential market value and enable researchers to pursue further development and transfer of their ideas into possible commercial or other use;
(6)
develop seminars, courses, and other educational opportunities for students, post-doctoral researchers, faculty, and other relevant staff at institutions of higher education to increase awareness and understanding of entrepreneurship, patenting, business planning, research security, and other areas relevant to technology transfer, and connect students and researchers to relevant resources, including mentors in the private sector; and
(7)
create, support, or fund entities or competitions to allow entrepreneurial students and faculty to illustrate the commercialization potential of their ideas, including through venture funds of institution of higher education.
(d) Limitations on funding
(e) ApplicationAn eligible entity seeking funding under this section shall submit an application to the Director at such time, in such manner, and containing such information and assurances as such Director may require. The application shall include, at a minimum, a description of—
(1)
how the eligible entity submitting an application plans to sustain the proposed activities beyond the duration of the award;
(2)
the steps the applicant will take to enable technology transfer and adoption and why such steps are likely to be effective;
(3)
how the applicant will encourage the training and participation of students and potential entrepreneurs and the transition of research results to practice, including the development of new businesses;
(4)
as relevant, potential steps to drive economic growth in a particular region, by collaborating with industry, venture capital entities, non-profit organizations, and State and local governments within that region; and
(5)
background information that the Director determines is relevant to demonstrate the success of the innovation and entrepreneurship support models proposed by the applicant to commercialize technologies.
(f) Collaborative innovation resource center program
(1) In general
The Director shall make awards under this section to eligible entities to establish collaborative innovation resource centers that promote regional technology transfer and technology development activities available to more than one institution of higher education and to other entities in a region.
(2) Use of fundsAn eligible entity that receives an award under this subsection shall use award funds to carry out one or more of the following activities, to the benefit of the region in which the center is located:
(A)
Providing start-ups and small business concerns (as defined in section 632 of title 15) within the region with access to facilities, scientific infrastructure, personnel, and other assets as required for technology maturation.
(g) Reporting on commercialization metricsThe Director shall establish—
(2)
a reporting schedule for recipients of such awards that takes into account both short- and long-term goals of the programs under this section.
(h) Geographic diversity
The Director shall ensure regional and geographic diversity in issuing awards under this section.